WORKERS' COMPENSATION AND REHABILITATION ACT 2003 - SECT 435
Resolutions without meetings
WORKERS' COMPENSATION AND REHABILITATION ACT 2003 - SECT 435
Resolutions without meetings
435 Resolutions without meetings
(1) If at least a majority of directors
sign a document containing a statement that they are in favour of a resolution
stated in the document, a resolution in those terms is taken to have been
passed at a meeting of the board held—
(a) on the day on which the document
is signed; or
(b) if the directors do not sign it on the same day, the day on
which the last of the directors constituting the majority signs the document.
(2) If a resolution is, under subsection (1) , taken to have been passed at a
meeting of the board, each director must immediately be advised of the matter
and given a copy of the terms of the resolution.
(3) For subsection (1) , 2
or more separate documents containing a statement in identical terms, each of
which is signed by 1 or more directors, are taken to constitute a single
document.
